P2P Lending Means Better Interest Rates
Lending Club is a social lending network where members lend and borrow money from each other at better rates, bypassing the banks. They have issued more than $20,000,000 in loans at better rates than banks’. Lending Club is an innovative and timely alternative for investors and borrower.
During September one lucky winner will become Lending Club’s 25,000th registered investor. To celebrate this milestone, the 25,000th registered investor will receive $2,500 cash!
Lending Club notes average 9.64% net annualized returns. Lending Club notes are offered by prospectus filed with the SEC.
If you are a lender looking to invest in high-return vehicles, be aware that Lending Club accepts only US-based credit worthy borrowers with 660+ FICO score and no current delinquencies. Ultimately, you the investor picks where you money goes, but at the very least you know that you are drawing from a pool of quality people in which to invest your money.
Lending Club cannot accept borrower from residents of the following states: IN, IA, ME, MI, NE, NC, ND, and TN. Sorry guys – Lending Club is working hard to get approval to do business in all states.
Want to be a lender? The Lending Club only accepts investors from CA, CO, CT, DE, FL, GA, HA, ID, IL, LA, ME, MN, MS, MO, NH, NV, NY, RI, SC, SD, UT, VA, WA, WI, WV, and WY. Why? Cause the Federal and State government regulations keep getting in the way – they are “protecting” you from yourself. Yippee for government! Remember, these are the same people who protected everyone from Madoff…
Okay, enough whining – go make some money!
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